- Electronic Arts Inc. said in a statement Thursday that "Madden NFL 13," the latest iteration of its iconic football video game franchise, sold about 900,000 in its first 24 hours on retail shelves. Citing "internal estimates," EA said the sale was a 7 percent increase from last year's launch, making it the highest-performing launch title for the franchise for the console generation.
- Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, announced its first tablet a year after withdrawing the TouchPad after it bombed with consumers.
- Most of the country's largest merchandisers on Thursday reported solid same-store sales this month.
- Sears Holdings Corp. (Nasdaq: SHLD), which revolutionized retail in the 20th century with its mail order catalogs. will be removed from the S&P 500 Index at the end of Sept. 4, according to Standard & Poor's, after struggling to lure consumers amid the weak economy.
- Caterpillar Inc. (NYSE: CAT), the world's largest maker of construction and mining equipment, is confident that Beijing will step up easing efforts to drive an economic rebound and China's economic growth will probably recover this year.
- U.S. private equity firm The Carlyle Group (Nasdaq:CG) will pay $4.9 billion in cash for a unit of E.I. DuPont de Nemours and Co (NYSE:DD) that makes industrial and vehicle coatings.
- Can Richard Schulze, the 71-year-old founding CEO of Best Buy Co. (NYSE: BBY) put his money where his mouth is? Can he fork up billions from private eqiuity behemoths like KKR (NYSE: KKR)?
Top After-Market NYSE Movers (Pandora, LyondellBasell, GenCorp, ING Group, Oxford Industries, Rogers, Bank of Nova)The top after-market NYSE gainers Wednesday were Pandora Media, LyondellBasell Industries, GenCorp, ING Group and Turquoise Hill Resources Ltd. The top after-market NYSE losers were Oxford Industries, Rogers Communication, Tim Hortons, Asbury Automotive Group and Bank of Nova Scotia.
- Kim Kardashian has settled a $20 million lawsuit against the clothing retailer Gap Inc. (NYSE: GPS) over an Old Navy
- Samsung Electronics (Seoul: 005930) may have lost a $1.05 billion judgment to Apple (Nasdaq: AAPL), the world's most valuable technology company, but it’s won a temporary reprieve from the judge on product bans and other retaliatory measures.
- Eric Schmidt, the executive chairman of Google Inc. (Nasdaq: GOOG), has sold 103,193 shares of the company worth around $69.3 million, according to Tuesday filings with the Securities and Exchange Commission.
- A decision by Chile's top court to temporarily block a massive, coal-fired power generation venture pleased environmentalists but the project's backers, who saw their share price fall, insisted the delay was unnecessary.
- A surge in orders for weapons, most of which from developing nations, has turned into a boon for U.S. companies -- and they have the Saudis to thank more than anybody else.
- Eddie Murphy is looking to revive the "Beverly Hills Cop" movie franchise with a new television series. The actor has begun shopping the action-comedy series around to the broadcast networks this week.
- General Motors Company (NYSE: GM) holding the European debuts of three vehicles at the Moscow International Motor Show on Wednesday, and a key member of the company's Russian management confirmed a $1 billion investment.
- Chipotle Mexican Grill said it would no longer implement rounding-up practices that led to the chain cheating customers out of pennies.
- Legendary private equity investor Kohlberg Kravis Roberts (NYSE: KKR) may seek to acquire control of Japan’s Renesas Electronics (Tokyo: 6723) for a 100 million yen (US $1.27 billion) investment, which would be its largest in Japan, financial news agencies reported.
- As the deepening sovereign debt crisis in Europe dampens air travel demands in the region, the world's two largest airplane makers, Boeing Co. (NYSE: BA) and Airbus S.A.S. (EPA: EAD), are now bringing their fierce competition to the Asia-Pacific skies.